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BanRep Decision Due Friday, Minimum Wage Talks Deadline

COLOMBIA
  • The majority of surveyed analysts expect BanRep to hike the overnight lending rate by 100bps to 12.00%. A deterioration in both inflation data and short & medium-term expectations, warrant maintaining a hawkish posture at the December meeting.
  • The full MNI preview with analyst views is here: https://roar-assets-auto.rbl.ms/files/48964/MNI%20BanRep%20Preview%20-%20December%202022.pdf
  • Separately, Colombia deadline on minimum wage talks between government, business leaders and workers groups.
  • Data due today includes, Industrial/Manufacturing production & Retail Sales for October.

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